What's Happening?
TERN Group, a UK-based company with significant operations in India, has successfully raised $24 million in a funding round led by Notion Capital. The investment is aimed at expanding the company's global reach and enhancing its AI-powered clinical workforce platform. The funds will be used to improve training infrastructure, particularly benefiting Indian nurses and care workers preparing for international careers. This funding round increases TERN Group's total funding to $33 million, with past investors including Presight, Tom Stafford, and industry leaders from the NHS and AXA Healthcare. The company plans to double its efforts in expanding into new geographies, scaling its AI platform, and supporting the training of thousands more professionals annually.
Why It's Important?
The investment in TERN Group is significant as it addresses the growing demand for healthcare professionals globally, particularly in the wake of challenges posed by the COVID-19 pandemic. By enhancing training infrastructure and expanding its AI-powered platform, TERN Group aims to improve the quality and availability of healthcare services worldwide. This development is likely to benefit both the healthcare industry and patients, as it promises to increase the number of trained professionals available to meet rising healthcare needs. Additionally, the focus on international career preparation for Indian nurses and care workers highlights the importance of global collaboration in addressing healthcare workforce shortages.
What's Next?
TERN Group plans to utilize the new funding to expand into new geographical areas and scale its AI platform further. The company aims to support the training of thousands more healthcare professionals annually, which could lead to increased availability of skilled workers in various regions. As the company continues to grow, it may attract additional investments and partnerships, further enhancing its ability to address global healthcare workforce challenges.
